Can I retire at age 49 with 1,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$94,966$94,120$93,295$92,489$91,703$89,232
2 years$47,013$46,137$45,289$44,466$43,668$41,197
3 years$31,031$30,151$29,305$28,490$27,705$25,310
4 years$23,041$22,164$21,326$20,525$19,759$17,460
5 years$18,248$17,377$16,550$15,765$15,021$12,822
6 years$15,055$14,190$13,375$12,608$11,885$9,790
7 years$12,774$11,916$11,115$10,365$9,666$7,674
8 years$11,064$10,215$9,426$8,695$8,019$6,130
9 years$9,735$8,894$8,119$7,407$6,753$4,964
10 years$8,673$7,839$7,078$6,384$5,754$4,064
11 years$7,804$6,979$6,231$5,556$4,949$3,354
12 years$7,081$6,264$5,530$4,874$4,288$2,787
13 years$6,469$5,661$4,941$4,303$3,739$2,328
14 years$5,945$5,145$4,439$3,820$3,278$1,953
15 years$5,491$4,700$4,008$3,406$2,886$1,644
16 years$5,095$4,313$3,634$3,050$2,551$1,388
17 years$4,745$3,972$3,307$2,740$2,262$1,175
18 years$4,435$3,670$3,019$2,470$2,011$996
19 years$4,158$3,401$2,763$2,232$1,792$846
20 years$3,908$3,161$2,536$2,021$1,601$720
21 years$3,683$2,944$2,333$1,834$1,433$613
22 years$3,479$2,748$2,150$1,668$1,284$523
23 years$3,292$2,570$1,985$1,519$1,153$446
24 years$3,122$2,408$1,836$1,385$1,036$381
25 years$2,965$2,260$1,700$1,265$932$326
26 years$2,820$2,124$1,577$1,157$840$278
27 years$2,687$1,999$1,464$1,059$757$238
28 years$2,563$1,884$1,361$970$683$204
29 years$2,448$1,777$1,267$890$617$174
30 years$2,341$1,678$1,180$816$557$149
31 years$2,241$1,586$1,100$750$504$128
32 years$2,147$1,501$1,026$689$456$110
33 years$2,059$1,422$958$634$413$94
34 years$1,977$1,347$895$583$374$80
35 years$1,900$1,278$837$537$338$69
36 years$1,826$1,213$783$494$307$59
37 years$1,758$1,152$733$455$278$51
38 years$1,692$1,095$686$420$252$43
39 years$1,631$1,041$643$387$228$37
40 years$1,572$990$603$357$207$32
41 years$1,517$943$565$329$188$27
42 years$1,464$898$530$304$171$23
43 years$1,414$856$498$281$155$20
44 years$1,366$816$467$259$141$17
45 years$1,321$778$439$239$128$15
46 years$1,278$742$412$221$116$13
47 years$1,236$708$387$204$105$11
48 years$1,197$676$364$189$96$9
49 years$1,159$645$342$174$87$8
50 years$1,123$617$321$161$79$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,150,000, adding $2,771 every year, while hoping to spend $53,173 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 82/11/7 Blend
48$1,150,000$1,150,000$1,150,000$1,150,000
49$1,270,158$1,209,208$1,191,383$1,373,226
50$1,343,139$1,211,884$1,174,719$1,443,708
51$1,421,781$1,212,908$1,155,714$1,513,678
52$1,506,607$1,212,145$1,134,235$1,588,856
53$1,598,188$1,209,448$1,110,139$1,669,732
54$1,697,155$1,204,662$1,083,281$1,756,846
55$1,804,200$1,197,625$1,053,505$1,850,794
56$1,920,081$1,188,162$1,020,651$1,952,230
57$2,045,636$1,176,089$984,549$2,061,878
58$2,181,784$1,161,209$945,024$2,180,532
59$2,329,534$1,143,317$901,891$2,309,069
60$2,489,999$1,122,192$854,956$2,448,453
61$2,664,401$1,097,602$804,020$2,599,750
62$2,854,086$1,069,300$748,870$2,764,130
63$3,060,532$1,037,026$689,287$2,942,885
64$3,285,369$1,000,503$625,041$3,137,438
65$3,530,389$959,439$555,892$3,349,358
66$3,797,563$913,526$481,588$3,580,373
67$4,089,061$862,435$401,868$3,832,387
68$4,407,272$805,822$316,458$4,107,500
69$4,754,827$743,320$225,073$4,408,026
70$5,134,620$674,543$127,413$4,736,514
71$5,549,838$599,083$23,168$5,095,775
72$6,003,989$516,506$0$5,488,907
73$6,500,939$426,357$0$5,925,903
74$7,044,940$328,155$0$6,406,222
75$7,640,678$221,388$0$6,932,306
76$8,293,312$105,521$0$7,508,756
77$9,008,523$0$0$8,140,639
78$9,792,568$0$0$8,835,964
79$10,652,339$0$0$9,612,478
80$11,595,425$0$0$10,464,267
81$12,630,188$0$0$11,398,884
82$13,765,835$0$0$12,424,652
83$15,012,511$0$0$13,550,734
84$16,381,388$0$0$14,787,228
85$17,884,775$0$0$16,145,256
86$19,536,230$0$0$17,637,069
87$21,350,691$0$0$19,276,164
88$23,344,613$0$0$21,077,411
89$25,536,124$0$0$23,057,189
90$27,945,195$0$0$25,233,547
91$30,593,830$0$0$27,626,365
92$33,506,269$0$0$30,257,549
93$36,709,221$0$0$33,151,233
94$40,232,111$0$0$36,334,006
95$44,107,361$0$0$39,835,165
96$48,370,691$0$0$43,686,986
97$53,061,458$0$0$47,925,036
98$58,223,027$0$0$52,588,499
99$63,903,180$0$0$57,720,551
100$70,154,563$0$0$63,368,766